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VALUATION  AND  CAPITALIZATION 

OF  RAILROADS 


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UNIVERSITY  OF  CALIFORNIA, 

LIBRARY, 

LOS  ANGELES,  CALJF. 


[PRINTED   ASj  MAXUSCUIPT] 

LIBEARY    OF    CONGRESS 


SELECT  LIST 
OF  REFERENCES  ON  THE 


YALUATION  AND  CAPITALIZATIOX 

OF  RAILROADS 


COMPILKD  UNDER  THE  DIRECTION  OF 

HERMANN  HENRY  BERNARD  MEYER 

CHIEF     BIBLIOGRAPHER 


WASHINGTON 

GOVERNMENT    PRINTING    OFFICE 
1909 


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PREFATORY  NOTE 


This  List  is  printed  as  manuscript  to  meet  an  imniediate  call  for 
refei'ences  on  railroad  valuation.  The  subject  was  found  to  be  so 
interwoven  with  that  of  railroad  capitalization  that  it  proved  inex- 
pedient to  separate  the  two.  The  List  therefore  includes  both  sub- 
jects, with  emphasis  only  on  railroad  valuation.  The  material  scat- 
tered through  the  various  state  reports  is  of  increasing  importance  in 
the  issues  for  the  more  recent  years.  No  attempt,  however,  has  been 
made  to  index  it  in  detail.  A  few  works  on  the  economics  of  rail- 
road construction  have  been  included  because  of  their  relation  to  the 
subject. 

H.  H.  B.  Meyer 

Chief  Blhlioyrapher 
Herbert  Putnam 

Librarian  of  Congresfi 

WasMrujtort,  D.  C,  March  23,  1909 

3 


SELECT   LIST  OF   REFERENCES  ON   THE   VALUATION   AND  CAPITALIZATION  OF 

RAILROADS 

Acworth,  William  Mitchell.    The  elements  of  railway  economics. 
Oxford:  The  Clarendon  press ^  WOo.    159^  (1)  pp.    12°. 

Alabama.     Railroad  commission .     Annual  report. 

Montgomery,  1881-190 Jt.     23  vols,  in  20.     8°. 

Arizona  (Ter.).    Board  of  equalization.    Proceedings. 
[Phoe7iixf]  1908.    1  vol.     8°. 

Arkansas.     Raihcay  eomm^ission.    Annual  report. 
Little  Rock,  1901-1907.    6  vols.    8°. 

Bailey,   William  Francis.     The  story  of  the  first  transcontinental 
railroad ;  its  projectors,  construction  and  history.     Comp. 
by  W.  F.  Bailey. 
[Fair  Oaks,  Cal] :  W.  F.  Bailey,  [WOG'l.    16^  pp.    12°. 

Bemis,  Edward  W.,  and  Carl  H,  Nau.  Report  on  the  true  value  of 
Ohio  railroads  for  the  purpose  of  taxation.  Prepared  at 
the  request  of  Hon.  Tom  L.  Johnson,  Mayor  of  Cleveland, 
and  with  his  approval  as  to  results. 
Cleveland :  Allied  printing  trades  council,  1903.  {20)  pp. 
8°. 

Bowers,  Lloyd  Wheaton  and  Frank  P.  Crandon.    Brief  concerning 
the  present  taxation  of  railways  in  Wisconsin  and  pending 
proposals  for  a  change  of  such  taxation. 
[Chicago :  The  Gunthorp-W arren  printing  Co.,  1903 f'\  1^7  pp. 

8°. 

California.    Board  of  railroad  comniissiotiers.    Annual  report. 
Sarramento,  1882-1901,.     17  vols,  in  15.     8°. 

State  hoard  of  equalization.     Report. 

Sacramento,  1873-1908.     IJ,  vols,  in  13.     8°. 

Colorado.     State  hoard  of  equalization.     Report. 
Denver,  1903-1907.    2  vols.    8°. 


6  LIBRARY    OF    CONGRESS 

Connecticut.     Railroad  commissioners.    Annual  report  to  which  are 
added  statistical  tables  compiled  from  the  annual  returns 
of  the  railroad  companies  of  the  state. 
Hartford,  1856-1907.     39  vols.     8°. 

Daggett,  Stuart.     Railroad  reorganization. 

Boston  and  New  York:  Houghton.,  Mifflin  and  company ., 
1908.  X,  {2),  1^02,  {2)  pp.  Diagrams.  8°.  {Harrard 
economic  studies.,  vol.  iv.) 

"Bibliographical  note,"  pp.  387-393. 

Contents. — Baltimore  and  Ohio ;  Erie :  Philadelphia  and  Read- 
ing; The  Southern;  Atchison,  Topeka  and  Santa  Fee;  Union 
Pacific ;  Northern  Pacific  ;  Rock  Island  ;  Conclusion. 

Evans,  Xelson  Wiley.    A  history  of  taxation  in  Ohio,  giving  the  legis- 
lation on  the  subject  and  a  commentary  on  the  methods  of 
providing  public  revenues. 
Cincinnati:  The  R.  Clarke  co.,  1906.    7.  220  pp.    8"^ 
"  Railroad  taxation,"  jip.  34-41. 

Florida.     Railroad  commission.     Annual  report. 
Jacksonville,  1898-1908.     10  vols.     8"". 

Friedman,  Harry  G.    The  taxation  of  corporations  in  Massachusetts. 
Xeiv  York:  The  Columbia  university  press,  1907.    177,  {!) 
pp.     8°.     {Columhia     university.     Faculty     of    political 
science.     Studies  in  histoid/,  economics  and  puhlic  law.) 
"Taxation  of  railroads,"  pp.  122-128. 

Giffen,  Sir  Robert.    American  railways  as  investments. 

London:  [Printed  hy  M'' C orquodale  &  c<9.],  1872.  (4),  71, 
{1)  pp.     8°.      {Cracroffs  investment  tracts.) 

Greene,  Thomas  L.    Corporation  finance.    A  study  of  the  principles 
and  methods  of  the  management  of  the  finances  of  cor- 
porations in  the  United  States;  with  special  reference  to 
the  valuation  of  corporation  securities. 
New  York:  G.  P.  Putnam's  sons,  1897.     {6),  181  pp.    12°. 

Grosvenor,    AA'illiam   M.     American   securities:  The   causes   influ- 
encing investment  and  specidation  and  the  fluctuations  in 
value  from  1872  to  1885. 
New    York:  Daily    commercial    bulletin,   1885.      (6),   270, 
Ixxxiii  pp.     Diagrams.     8°.     {Commercial  series.) 

Hadley,  Arthur  Twining.     Railroad  transportation,  its  history  and 
its  laws.     15th  impression. 
New  York  and  London  :  G.  P.  Putnam''s  sons.  1903.    iv,  (2), 
269  pp.     12". 


VALUATION    AND    CAPITALIZATION    OF    RAILROADS  7 

Hains,  Henry  8.  Value  of  railroad  property  in  the  Ignited  States, 
as  shown  by  the  report  of  1890  of  the  Inter-state  ooni- 
merce  commission. 

{In   his   American   railway   management,   pp.  .308-340.     New 
Yorlv.  1897.     12°.) 

Horrocks,  Joseph,  liaihvay  rates.  The  method  of  calculating 
equitable  rates  and  charges  for  merchandise  carried  on 
railways.  London^  /S.  Sonm  iische'm  d-  co.,  limited.  1909. 
ia),  Jf85^  [7]  />.  inci.  tahles.     8° 

Idaho.     /State  hoarrl  of  equalization.     Proceedings. 
IdaJw  City,  1901-190 If.    2  vols.    8°. 

Illinois.     State  hoard  of  equalization.     Proceedings. 

Springfield,  III.,  1867-1907.    33  vols,  in  26.    8°. 

Indiana.     Railroad  eommis.sion.     Annual  report. 

Indianapolis,  1906-1907 .    2  vols.    Folded  ma  p.    Tables.    8'^ . 

State  hoard  of  equalization.     Proceedings  ...  in  the  assess- 
ment and  equalization  of  railroad  property  for  the  pur- 
pose of  taxation, 
Indianapolis,  1869-1890.     13   vols.     8°. 

loTva.    Executive  council.    Assessed  valuation  of  railroad,  equipment 
and  express  companies'  property. 
Des  Moines,  1881^-1908.    2Jf  vols,  in  7.    8°. 

Statistical  abstract  of  Iowa  railroads  (supplement  to 

railroad  assessment  report).     Comp.  by  A.  II.  Davison, 
and  A.  U.  Swan.    From  data  compiled  from  reports  made 
to  the  Executive  council   and   Kailroad  conunission.   and 
other  state  reports,  1855-1907. 
Des  Moines:  E.  H.  English,  state  planter,  1907.     63  pp.     8°. 

Railroad  commissioners.     Annual  report. 

Des  Moines,  1878-1908.     31  vols.     Maps.     8°. 

Johnson,   Emoiy  Richard.     American  raihvay  transportation.     2d 
rev.  ed. 
New  York:  D.  Appleton  and  company,  1908.    xviii^  434  PP- 
Illustratioits.      Maps.      Folded    chart.      Diagrams.      W. 
{Appleton''s  business  series.) 

"References  for  further   readinj; '"   at    t-iid   of  sunn'  cliapters. 
Railway  valuation,  j)]).  '.12-00. 

Kansas.     Board  of  railroad  conimhsionery.     Annual  report. 
Topeha.  1884-1906.     10  vols.     ,s'°. 

Board  of  railroad  assessors.    Assessment  of  railroad  property. 

Topeha.  1879-1892.     7  vols.     8°. 

TlltlJJ— 09 2 


8  LIBRARY    OF    COXGRESS 

Kentucky.     State  hoard  of  equalization.    Proceedings. 
Louis  rine,  1899-1902.     3  roh.     8°. 

Kirkman,  Marshall  Monroe.  Basis  of  ra'ilway  rates  and  private  vs. 
governmental  management  of  railroads  .  .  .  forming  one 
of  the  series  of  volumes  comprised  in  the  rev.  and  enl. 
ed.  of  The  Science  of  railways.  Edition  1905. 
Xew  York  and  Chicago:  The  ^Yorld  railway  publishing  com- 
pany, 1906.     ri.  7-350  pp.     12°. 

•'  Index  to  antlioritios  quoted."  pp.  3.3.3-.3.S.">. 

La  Follette,  Robert  Marion.  Heaulation  of  raihvav  rates  and  serv- 
ice.  Relation  of  government  to  commerce  and  transpor- 
tation. Speech  of  Hon.  Robert  ]M.  La  Follette,  of  Wis- 
consin, in  the  Senate  of  the  United  States,  April  19,  20, 
and  21,  190G,  and  amendments  to  strengthen  the  rate  bill 
ottered  by  Mr.  La  Follette ;  the  arguments  and  votes  upon 
the  same  in  the  Senate  of  the  L'nited  States,  May  9-12,  H, 
and  18.  lOOfi. 
Washington,  1906.     U8  pp.     8°. 

A'aluatiou  of  railroad  property,  pp.  69-79. 

Larrabee,  AVilliam.     The  railroad  question;  a  historical  and  prac- 
tical treatise  on  railroads,  and  remedies  for  their  abuses. 
10th  ed. 
Chicago:  The  Schulte  publishing  company.,  1898.     4^7,  xrii. 
477-488  pp.     12°. 

■•  Stock  and  bond  inflation,"  pp.  163-188. 

Lee,  Tvy  Ledbetter.     Railroad  valuation. 

Xeic  York,  Boston  [etr.]  :  The  Bankers  puhlij^h'mg  co.,  1907. 
15  pp.     8°. 

Reitrinted  from  the  Bankers'  magazine,  .July,  I'.toT. 

Le"wis,   George  H.     National  consolidation  of  the  railways  of  the 
United  States. 
New  York:  Dodd,  Mead  ct-  company,  1893.    xi\  320  pp.    12°. 
■•  stock-watering,"  pp.  1.52-164. 

Louisiana.     Board  of  appraisers.     Report. 

Baton  Rouge,  1001-1907.     8  rols.     8°. 

1902  has  title:  Report  made  by  the  state  Board  of  appraisers 
showing  the  assessments  made  of  property  employed  in  the 
railway,  telegraph,  telephone,  sleeping  car  and  express 
bnsines.s. 

Lo-wnhaupt,   P^rederick.     Investment  bonds:   their  issue  and  their 
place   in   finance.     A   book    for   students,   investors,    and 
practical  financiers. 
New  York  and  London:  G.  P.  Putnani's  sons,  1908.     x,  (2), 
253  pp.    8°. 


VALUATION    AND    ("APn  ALI/ATK  i.X    OF    RAILROADS  9 

McCrea,    Koswell   Clieiiey.     Taxation   of   t i-ansportation   fompaiiies. 
A  report  prepared  under  the  direction  of  the   Industrial 
commission. 
Washhigton:  Government  pmntinq  o-fjice^  1001.   (,;?).  lOOo- 
1091  pp.    8°. 

I'ulilislu^l  also,  with  an  index,  in  Kejxnt  of  the  Industrial  <r)iii. 

mission,  vol.  IX. 
liililiosiraphy:  pi*.  1080-1083. 

Maine.     Board  of  railroad  cornmissio^irrs-.     Animal  i('|)oi-t, 
Aaf/  list  a , "  1872-1907.    30  roU.    8° . 

Malcom  i^  Coombe's  manual  of  railroad  and  industrial  securities. 

.  .  .   [  1 905-1 OOC.]. 
New  York,  1905-1906.    2  rols.    12°. 

Tlie  Manual  of  statistics:  stock  exchan<re  handbook.  lOOS.     80th  an- 
nual issue. 
Xf'w  York:  The  Manual  of  .statlMhs  com  pan  ij.  \  l'.niH\.     ](iH(i 
pp.    8°. 

Massachusetts.     Board  of  railroad  commissioners.     Annual  ivport 
I  including  returns  of  railway  companies]. 
Boston,  1870-1908.    33  rols.     lUnstrations.     Plates.     Maps. 
Tables.    8°. 

Meade,  Edward  Sherwood.     The  great  American  railway  systems. 

(/*/  Railway  world,  vol.  47,  Nov.  21,  1003,  pp.  1327-1328:  Nov. 

28,  1903,  pp.  1355-1357;  Dec.  5,  1903,  pp.  1383-1385;  Dec.  12, 

1903.  Pit.  1411-1413:  Dec.  2('),  1903.  pp.  1467-14(38;  vol.  48, 
Feb.  5,  1904.  pp.  147-149;  Feb.  13.  1904.  pp.  175-170:  Feb. 
20,   V.H)4.  pp.   203-204;   Feb.   27.   1904.   pp.  231-232;    Mar.   5, 

1904.  Pit.  257-259;  Apr.  9,  1904,  pp.  405-40G ;  Apr.  10,  19(>1, 
pp.  433-435:  Apr.  23.  1904.  pp.  403-i(J4 ;  Apr.  30.  19(>4.  pp. 
491^93:  May  7.  1904.  i.p.  519-521;  .Iinie  18.  1904.  pp.  087- 
088:  .Tnne  25.  1904.  iiji.  723-724;  .Tnly  2.-..  1904.  i.p.  843-845; 
.Inly  30,  19(H,  pp.  871-872:  Ang.  (!.  19(U.  pp.  S99-901.1 

Contents. — I.  The  Wabash  railroad;  II.  The  .greater  Wabash 
as  an  investment:  III.  The  Keadins;  H'.  Conununity  of 
interest  anion;:  Ihe  antliracite  roads:  V.  The  I.ehiirh  Val- 
ley: VI.  The  New  Vork  Central:  VII.  The  X<'w  York  Cen- 
tral: expansion  and  tratfic  resnlts:  \III.  I'he  Pennsyl- 
vania :  IN.  'riie  rennsylvania  :  its  linaiu-ial  polit-y:  X.  The 
I'ennsyh  ania  :  its  irrowth  and  e.vpansion  :  NI.  Ftitnre  direc- 
tion of  railway  irafhc:  Nil. -XIII.  The  Illinois  Central; 
XIV.-NV.  The  Missonri  raciHc:  NVI.  The  Atihison.  To- 
peka  and  Santa  Fe :  NVII.  The  .\tchison  :  its  financial  his- 
tory: N\1II.  Xl.X.  The  Haltimore  and  Ohio:  NN.  The  Chi- 
cago, liurliufilou  and  Quiiuy. 


10  LIBRARY    OF    CONGRESS 

Michigan.    Board  of  state  tax  commissioners.    Railroad  companies, 
union  station  and  depot  companies. 

{In  its  Second  report,  December  15.  1902,  m>.  .5()-."><).    Lansing, 
1903.    8°.) 

Railroad  tax  litigation. 

(In  its  Fourth  report,  December  15,  1906,  pp.  24-.S7.  Lansing, 
1906.    S°.) 

Deft,  of  Gominissioners  of  railroads.    Annual  report. 

Lansing,  187^-1907.    33  vols.    S°. 

iState  hoard  of  equalization.     Proceedings. 

Laming,  1871-1896.    2  vols.    S''. 

Minnesota.     Railroad  and  warehouse  commission.    Annual  report. 
St.  Paul,  1886-1909.    25  vols.    8°. 

"  The  Railroad  commission  of  Minnesota  made  public  on  .Tan. 
25,  1909,  the  results  of  its  valuation  of  the  railways  of  that 
state.  This  is  in  many  ways  the  most  exhaustive  physical 
valuation  of  railways  ever  made." 

Mississippi.     Railroad  commission.    Biennial  report. 

./arksmi.  1887-1908.     10  vols.     8°. 

Missouri.    Railroad  and  warehouse  commissioners.    Annual  report. 

Jefferson  City,  1879-1907.    28  vols.     8°. 

State  board  of  equalization.     Journal  of  the  State  board  of 

equalization  for  the  assessment  and  equalization  of  rail- 
road, bridge,  telegraph  and  telephone  property. 
Jefferson  City,  Mo.,  187J^-1907.    32  vols.     8^. 

Montana.     State  hoard  of  equalization.    Annual  report. 
Hele7ia,  1890-1905.     13  vols.    8\ 

Moody's  manual  of  railroads  and  corporation  securities  .  .  .  1st- 
9th  annual  number,  1900-1908. 
New  York:  The  O.  C.  Lewis  company,  1900-1008.     9  vols. 
Illustrations.    Folded  maps.    Folded  plans.    Tables.    8°. 

Mundy,  Floyd  Woodruff,  ed.  The  earning  power  of  railroads,  1908 ; 
mileage — -capitalization — bonded  indebtedness — earnings — 
operating  expenses — cost  of  maintenance — fixed  charges — 
comparative  statistics — investments — dividends — guaran- 
tees, etc. 
New  York  city:  J.  II.  Oliphant  cC-  co.,  1908.    376  pp.     12°. 


VALUATION    AND    CAPITALIZATION    OF    RAILROADS  11 

Ne"wcoinb,   Harry  Turner.     Railway  capitalization. 

Philadelpliia:  Railway  world ^  1907.     23  pp.     Tables.     8°. 
"  Keprinted  from  the  Kailway  world  of  .luiie  7,  1907." 

Ne"w  Hampshire.    Railroad  commissioners.    Annual  report. 

Concord,  J 840-1907.     47  vols.     Plates.     Maps.     8°. 

/State  board  of  equalization.     Valuation  and  taxation  of  the 

State  of  New  Hampshire. 

Manchester,  1881-1907.     25  vols,  in  10.     Tables.     8". 

Nevr  Jersey.    Board  of  cqiadization  of  taxes.    Annual  report. 
Trenton,  N.  J.,  1905-1907.     3  vols.     Tables.     8°. 

Commissioner  of  railfoad  taxation.    Annual  report. 

Trenton,  N.J.  [etc.],  1875-J883.    9  vols.    8°. 

Ne^w  York  {/State)  Board  of  railroad  commissioners.    Annual  report. 
Albany,  [1851]~1907.     72  vols.    8°. 

North  Carolina.     Corporation  commission.    Annual  report,  lst-9th, 

1899-1907. 
Raleigh,  N.C.,  1899-1907.    H  vols.    8°. 

North  Dakota.    /State  board  of  equalization.    Pro<'ee(lin«:s. 
Bismarck,  1890-1905.     14  vols.    8°. 

Ohio.  Board  of  equalization.  Record  of  proceedings  of  tlie  Decen- 
nial state  board  of  equalization  of  real  property  in  Ohio. 

Colvmbus,  O.,  1826-1900.     G  vols.     Portraits.     Map.     8°. 

"  Reappraisement  of  real  property  is  made  every  10  years,  and 
this  board  equalizes  tlie  rates."  Bowker,  State  pub.,  pt.  2, 
p.  206. 

Railroad  commission.     Report.     1906. 

Springfield,  1906.    1  vol.     TabUs.    <5°. 

Ontario.  C ommission  on  railway  taxation.  Report  of  Ontario  Com- 
mission on  railway  taxation  1905.  Printed  by  order  of 
the  Legislative  assembly  of  Ontario. 

Toronto:  L.  K.  Cameron,  printer,  1905.     219  pp.     8". 

The  subject  of  railroad  valuation  was  considered  by  the 
Commission  and  this  report  includes  some  exposition  of 
what  had  been  done  in  the  States  of  Michiiraii.  Indiana, 
Illinois,  Wisconsin,  Minnesota,  Maine.  Massjichnsetts,  Xew 
York,  Pennsylvania  and  New  .Jersey,  in  the  valuation  and 
taxation  of  railroads ;  also  discusses  plans  of  the  valuation. 


12  LIBRARY    OF    CONGRESS 

Peck,  George  Record.  In  the  matter  of  proposed  legislation  for  the 
taxation  of  Wisconsin  railways.  Brief  in  behalf  of  Chi- 
cago, Milwaukee  &  St.  Paul  railway  company,  George  K. 
Peck,  general  counsel. 

Chicago:  The  Giintho/-p-Wai/eii  priittiiK/  ro.,  [1903 f].     4- 
pp.    8\ 

Pennsylvania.    Dept.  of  internal  affairs.    Annual  report  of  the  sec- 
retary.    Part  IV.     Railroad,  canal,  navigation,  telegi'aph. 
Hartishurg,  1876-1906'.    31  roh.    8^'. 

Phillips,  ririch  Bonnell.    A  history  of  transportation  in  the  eastern 
cotton  belt  to  1860. 
New  York:  The  Columbia  unicersUy  pj-ess,  1908.    Xirli,  JfO-J 
pp.    Illustrations.    Maps.    Tables.    8°. 
■•  Bibliograi»liical  uotes,"  p.  397. 

Plehn,  Garl  C  Revenue  systems  of  the  state  and  local  governments. 
A  digest  of  constitutional  and  statutory  provisions  relat- 
ing to  taxation  in  the  ditferent  states  and  territories  in 
1902. 

{In  I'uited  States.  Department  of  commerce  and  labor.  Spe- 
cial rei)orts  of  tlie  Ceusu.s  ottiee.  Wealth,  debt,  and  taxa- 
tion, pp.  017-040.     Washinsiton,  1007.     4°.) 

Poor's  manual  of  the  railroads  of  the  United  States,  street  railway 
and  traction  companies,  industrial  and  other  corporations 
and  statements  of  the  debts  of  the  United  States,  the  sev- 
eral states,  municipalities,  etc.  lst-4:lst  annual  number; 
1868/69-1908. 
New  York,  London:  11.  Y.  d-  II.  W.  Poor,  1868-1908.  J^l 
vols.    Maps.    Tahle.    8^. 

From  ISOS  to  1804  title  reads:  Manual  of  the  railroads  of  the 
Uuitetl  States  .  .  .  showing  their  mileage,  stocks,  bonds, 
cost,  earnings,  expenses,  and  organizations;  with  a  sketch 
of  their  rise.  i)rogress  influence,  ett.  .  .  .  Together  with 
an  ai)pendix,  containing  a  full  analysis  of  the  debts  of  the 
Uiiite<l  States,  and  of  the  several  States.  By  Henry  V. 
Poor.  (Subtitle  varies  slightly.  Poor's  name  is  omitted 
in  the  volume  for  1804.) 

Probable  effect  on  the  .securities  of  the  [4:^  railroads]  of  the  separa- 
tion of  railroad  and  coal  properties  required  by  the  Rail- 
road rate  bill. 
PhiladelpJiid :      Ilalf-Jiourly     news     service,     [/,W7].      11 
pamphs.  to  Jan.,  1909. 


VALUATION    AND    CAPITALIZATION    OF    RAILROADS  13 

Ra-wles,  A\'illiani  A.  (  entraliziiig  tendencies  in  the  udniinistiation 
of  Indiana. 
New  Yorh:  The  Columhia  wiiversity  press;  London:  P.  S. 
King  <&  son,  1903.  33G  pp.  S°.  (C'olmnbm  university. 
Faculty  of  political  science.  Stndies  in  history.,  economics 
and  piihltc  l(tu\  rol.  J7,  no.  /.) 

Kailroad  taxation,  pp.  2!)5-300,  ct  ixiHuiiti. 

Raymond,  William  (Jalt.    The  elements  of  railroad  eii<rineerino:.    1st 
ed.     1st  thousand. 
lYe-u-  York:  J.   W/lcy  d;  sons;  IfKhS.     (4),  //i-.tri^  ^06  pp. 
Frontisjjiece.      Illustrations.     Plates.     Mupx.     Ding  nuns. 
8°.     {Ills  Railroad  e)Kjinec)-in<j.     rol.  II.) 

"Appendix.  The  location  of  the  Knoxville.  La  Follette  and 
Jellico  railroad,  of  the  Louisville  .-nnl  Nashville  system. 
By  W.  D.  Taylor  .  .  .  With  discussion  by  Messrs.  Vj.  Low, 
W.  P.  Watson,  E.  .1.  P.eard  .  .  .  and  others,"  pp.  ;«l-:^i):'.. 
The  introduction  contains  material  relating  to  the  valuatioH 
of  railroads. 

Reizenstein,  Milton.     The  economic  history  of  tlie  Baltimore  and 
Ohio  railroad  1827-1853. 
Baltimore :   The  Johns  Hopkins  press.,  1897.     88,    (2)    pp. 
8°.     {Johns  Hopkins  unirersity  studies  in  historical  and 
p(ditical  science  .  .  .  loth  ser.,  rii-viii) 
Bibliojscraphy,  1  1. 

Rhode  Island.    Railroad  commissioner.    Annual  report. 
Providence,  1875-1908.    29  cols,  in  24.    8". 

Serrell,  Lemuel  William.    The  railroad  situation  in  the  United  States. 
New  York:  The  Moody  corporation.  1907.     4'3  Pp-     Map. 
Diagrams.     12-. 

Snider,  (niy  Edward.  The  taxation  of  the  <):ross  receipts  of  railways 
in  Wisconsin. 
[New  York:  For  the  American  economic  association  by  the 
Maonillan  company;  etc,  1906' \.  oiii,  138  pp.  8°.  {Pub- 
lications of  the  American  economic  association.  Third 
series,  rol.  rii,  no.   y.) 

Bibliography,   pp.  12l*-12(>. 

Snyder,  Carl.  American  railways  as  investments:  a  detailed  and 
comparative  analysis  of  all  the  leading  railways,  from  the 
investor's  point  of  view:  with  au  introductory  chajiter 
on  the  methods  of  e.stimatin<r  railway  values. 
New  York:  The  Moody  corporation,  1907.  7f>2  pp.  T(ddrs. 
Folded  map.    8°. 


14  LIBRARY    OF    CONGRESS 

South  Carolina.     Railroad  rommission.    Annual  report. 

Columbia,  S.  C,  1882-1906.    22  vols,  in  10.    Maps.     Tables. 
8°. 

South  Dakota.     Board  of  railroad  commissioners.     Annual  report, 
Pi£7're,  1890-1907.     9  vols.     8\ 

Strain,  Charles  P.  Assessment  and  taxation  of  railroads ;  an  address 
delivered  before  the  County  court,  setting  [I]  as  a  Board 
of  equalization,  September  28,  1908,  in  the  matter  of  the 
O.  R.  &  N  co.'s  assessment  in  Umatilla  County,  Oregon, 
for  the  year  1903,  together  with  a  brief  general  discussion 
of  railroad  and  other  taxation. 
[Pendleton?  Or.,:  B.  Haffmcmf  190S.]  {20)  pp.  Por- 
trait.   8°. 

S'wain,  H.  H.    Economic  aspects  of  railroad  receiverships. 

{In  American  economic  association.     Economic  studies,  vol.  3, 
pp.  53-161.     New  Yorli.  1898.     8°.) 

Taylor,  William  D.  Appraisal  of  the  physical  properties  of  Wis- 
consin railwavs,  for  the  vear  ending  June  30.  1903. 

(In    Wisconsin.      Tax    commission.      Third    biennial    report, 

pp.  267-293.     Madison,  1907.     8°.) 
Also  printed  in  "  Commercial  valuation  of  railway  operating 
property  in  the  United  States:  1904,''  United  States  Census 
bulletin  no.  21,  pp.  82-87. 

Tennessee.     Railroad  commission.     Report. 
Nashville,  1901-1906.    4  vols.    8". 

Texas.     Railroad  commission.     Annual  report. 
Austin,  1892-1907.    16  vols,  in  7.    8°. 

Tax  commission.     Report  of  the  Tax  commission  created  by 

act  of  March  1,  1899. 
Austin,  Texas:  Von  Boeckmann,  Moore  <&-  Schultze,  1899. 
i8),i03pp.    8\ 

"Listing   railroad    property,"    pp.   42-66;    "Taxation    of    rail- 
roads," ])]).  171-178. 

Thompson,  R.  A.  Methods  used  by  the  Railroad  commission  of 
Texas,  under  the  Stock  and  Bond  law,  in  valuing  railroad 
properties. 

(In  American  society  of  civil  engineers.     Proceedings,  vol.  30, 

Jan.,  1904,  pp.  2-19.) 
"  Hoitort  of  the  law  and  the  railroads  valued  since  its  passage, 
describing  the  methods  used." 


VALUATION    AND    ("APITALIZATION    OK    KAILHOADK  15 

Thompson,  R.  A.    Retjulation  of  the  issuance  of  Texas  railroad  se- 
curities by  the  state  government. 

(/«   Texas  academy   of  science.     Transactions,    vol.   5,   3002, 
pp.  1-17.     Austin,   1908.     S°.) 

Thompson,    Shison.     Cost,  capitalization   and   estimated    value   of 
American  railwaj's :  an  analysis  of  current  fallacies. 
Chicago:  [Bureau  of  railways  news],  1907.    188  pp.    8°. 

Same.    3d  ed. 

Chicago:  Gunthorp-Warren  pnnfiug  company.,  1908.    177 
.  (5)  pp.    nimtrations.    Tahlex.    8°. 


ryry 
5 


United  States.     Biirean  of  the  census.     Commercial  valuation  of 
railwa}^  operating  property  in  the  T'nited  States:  1904. 
Washington :  Gorernment  pr>)ifhig  oifice,  lOOo.    88  pp.    ^°. 
{Census  bulletin  21.) 

Contents:  Counnercial  valuation  of  railway  operating  prop- 
erty in  the  United  States;  1904.  by  Henry  C.  Adams,  pp. 
7-14.  Supplement :  I.  Methods  of  valuation,  hy  B.  H.  Meyer, 
pp.  17-21 ;  II.  Rate  of  capitalization,  by  William  .T.  Meyers, 
pp.  22-43;  III.  Methods  for  the  distribution  of  railway 
value-^  among  States,  by  B.  II.  Meyer,  pp.  44-."t2:  IV.  Valu- 
ation of  railways  by  railway  men,  by  J.  Shirley  Eaton,  pp. 
58-61 ;  V.  State  reports  relative  to  railway  valuation,  pp. 
62-66;  VI.  Valuation  of  railways  in  foreign  countries,  by 
B.  H.  ^leyer,  pp.  67-75;  VII.  Railway  valuation  in  Michi- 
gan and  Wisconsin,  by  Mortimer  E.  Tooley,  Henry  C.  Adams, 
and  W.  D.  Taylor,  pp.  7G-.S.S. 

United  States.  Circuit  court  {9th  circuit).  The  taxation  of  rail- 
road property  in  California,  as  atiected  by  the  Four- 
teenth amendment  of  the  federal  Constitution.  County  of 
Santa  Clara  vs.  Southern  Pacific  raih-oad  company. 
County  of  Sacramento  vs.  Central  Pacific  i-ailroad  com- 
pany. Opinions  of  Justice  Field  and  ,ludge  Sawyer, 
delivered  in  the  U.  S.  Circuit  court  at  San  Francisco,  Sep- 
tember 17th.  1883. 
[San  Francisco  F  1883  f\  95  pp.    8°. 

Congress.    IIoiisc.    Committee  on  iuterstate  mid  foreign  com- 
merce.    Hearings  before  the  Committee  on  interstate  and 
foreign  commerce  of  the  Ilou.^e  of  Representatives  |  May 
12,  1908]  on  TT.  R.  ('>2()S.  to  limit  the  issue  of  stocks  and 
bonds. 
Wa.^hiiigtou :  Gorernment  priuting  office^  1908.     /.>  pp.    8 
Remarks  by  .\.  .1.  Volstead. 
Bill  to  prevent  overcapitalizalion  of  railways. 


o 


16  LIBRARY    OF    CONGRESS 

United  States.  Congress.  Senate.  Committee  on  interstate  com- 
nierce.  Regulation  of  railway  rates.  Digest  of  the  hear- 
ings before  the  Committee  on  interstate  commerce,  Senate 
of  the  United  States:  held  from  December  16,  1904,  to  May 
23,  1905,  inclusive,  together  with  certain  data.  Comp.  b}' 
order  of  the  committee  by  Henry  C.  Adams,  statistician  to 
the  United  States  Interstate  Commerce  Commission,  and 
H.  T.  Xewcomb.  December  15,  1905. 
Washington:  Government  printing  oifiee.,  1906.  Rll  pp. 
Tahles.     8°.      {59th   Congress.,  1st  session.     Senate  docu- 

ment  244-) 

Reissue,  with  additional  material  of  the  edition  of  1905. 
Contains  items  on  the  valuation  and  capitalization  of  railroads. 

I  Industrial  eonunission.     Railroad  finance  and  fiscal  regula- 
tion :  Present  capitalization. 

(In  its  Final  report  of  the  Industrial  commission,  vol.  19,  pp. 
397^19.     Washington,  1902.    S°.) 

Interstate  commeree  eommission.     First-twentieth  annual  re- 
port of  the  statistics  of  raihvays  in  the  Ignited  States  .  .  , 
1887/88-lUOG/OT. 
Washington:    Government   [/rinting    o-fjrce.,   1889-1909.     20 
vols.    Folded  mnps.    8°. 
Report  year  ends  June  30. 

Interstate    commerce    commission.      Intercorporate    relation- 
ships of  railways  in  the  United  States  as  of  June  30,  1906. 
Prepared  by  the  division  of  statistics  and  accounts. 
Washington:    Government   printing   office.,  1908.     516   pp. 
Diagrams.     8°.     (Its     Special    report    no.    1.) 

Gives  statistics  showing  the  relation  between  active  and  inac- 
tive corporations  and  their  holdings. 

Interstate     commerce     corporations     owning    capital 


stock  of  other  transportation  corporations.  Letter  from 
the  chairman  of  the  Interstate  commerce  commission, 
transmitting  statements  in  response  to  a  Senate  resolu 
tion  of  January  13.  1908. 
[Washington:  Government  printing  ofp'ce.  1908.']  lllf  pp. 
Tahles.  8°.  {60th  Congress.,  1st  session.  Senate  docu- 
ment 278.) 


VALUATION    AND    CAPITALIZATION    OF    KAIL1{(JADS  17 

United  States.     Interstate  conunerce  comrnission.     Preliminary  re- 
port  on   the   income   uccoiint   of  railways   in  the   United 
States. 
Washington:    Go ceyntnent   printing    o-ffice,   1896-1007.      11 

cols,  in  4-     <^°' 

Published  also   in   tLie   Aiiiiiial    rt'iiort  <>f  tlie  Interstate  coiii- 
uierce  commission. 

liaihvavs  in  the  United  States  in  11)02.   Part  V.   State 


taxation  of  railways  and  other  transportation  agencies. 
Washington:   Gooernment  printing    office.,   1903.     J^J^   pp. 


r- 


Stockholders  in  certain  railways  on  record  June  :>0, 

1U04.  Letter  from  the  Interstate  conunerce  commission 
transmitting,  in  response  to  the  Senate  resolution  of  Jan- 
uary 2-t,  1905,  a  statement  .showing  for  each  railway  re- 
l^orting  to  the  connnission  the  number  of  stockholders  on 
record  June  30.  IDOU 

\J^ashington:   Government  printing  office.,  1906.]      10  pp. 
S°.     {58th  Congress.,  3d  session.     Senate  document  188.) 

Stocks,  bonds,  etc.,  subject  to  the  act  to  regulate  com- 


merce. Letter  from  the  chairman  of  the  Interstate  com- 
merce commission  transmitting  its  rejjort  in  answer  to  a 
Senate  resolution  calling  for  certain  infornuition  in  regard 
to  the  stock,  bonds,  car-trust  certificates,  etc..  of  each  rail- 
road company  subject  to  the  act  to  regulate  conunerce.  etc. 
February  24.  1903. 
[^Yashington:  Government  printing  office,  1903.']  o  pp. 
8°.  {57 tk  Congress,  2d  session.  Senate  document  no.  178.) 
Valuation  of  railroad  properties.     Report  of  Inter- 


state commerce  commission  on  the  bill  (S.  501)  to  amend 
an  act  entitled  "An  act  to  regulate  commerce,'"  approved 
February  4,  1887,  and  all  acts  amendatory  thereof,  and 
to  enlarge  the  powers  of  the  Interstate  commerce  com- 
mission. March  25,  1908.  Series  no.  (>. 
Washington:  Gorernment  printing  ofp'ce,  1908.     10  pp.     8°. 

Utah.     State  board  of  equalization.     Report.  1899/1900-1901/1902. 
Salt  Lake  City,  1901-1903.    2  vols.    8°. 

Van  Oss,  S.  F.     American  railroads  as  investments.     A  handbook 
for  investors  in  American  railroad  securities. 
New  York:  G.  P.  Putnam's  sons,  1898.     xv,  (i).  815,  {2), 
vii  pp.     Colored  maps.     8°. 


18  LIBRARY    OF    CONGRESS 


\^ 


Vermont.     Railroad  commissioners.     Report. 

.    Rutland,   [etc'],  1856-1908.     28   vols,   in  22.     Illustrations. 
Plates.     Maj7s.     5^ 


Virginia.  State  corporation  commission.  First-fourth  annual 
report  of  the  State  corporation  commission  of  Virginia, 
1903-1906.  Compilations  from  returns  of  railroads, 
canals,  electric  railwaj's,  and  other  corporate  companies. 

Richmond:  J.  H.  O'Bannon,  1901^-1907.     If  vols.     8°. 

Washington  (State)  State  board  of  equalization .    Minutes  and  offi- 
cial proceedings. 
Olympia,  Wash.,  1893-1906.     7  vols.    8°. 

Webb,  Walter  Loring.    The  economics  of  railroad  construction. 

New  York:  J.  Wiley  ct*  sons;  [etc.]  1906.  viii,  339  pp. 
Illustrations.     Diagrams.     8°. 

"  The  valuation  of  railway  property,"  pp.  41-65. 

Wellington,  Arthur  Mellen.  The  economic  theory  of  the  location  of 
railways;  an  analysis  of  the  conditions  controlling  the  lay- 
ing out  of  railways  to  eifect  the  most  judicious  expenditure 
of  capital.  Rev.  and  enl.  ed. 
New  Yorl-:  -/.  Wiley  ct'  sons;  London:  E.  &  F.  N .  Spon,  1887. 
xx^  980  pp.  Illustrations.  Folded  map.  Tables.  Dia- 
grams.   8°. 

West  Virginia.    Board  of  public  works.    Assessed  value  of  railroad 
property  in  the  State  of  West  Virginia. 
[Charles  Town?]    1901.    1  vol.    8°. 

Wliite,  Henry  Kirke.    History  of  the  Union  Pacific  railway. 

Ch icago :  The  University  of  Chicago  press,  1895.  {Ji),  129  pp. 
Diagrams.  Folded  tables.  8°.  {Economic  studies  of  the 
University  of  Chicago,  no.  2.) 

Wisconsin.     Railroad  com^mvisioncr's  dept.    Biennial  report. 
JMadison,  187Jf-190Ji.     19  vols.    <9°. 

Railroad  commission.    Biennial  report. 

Madison,  1907.     1  vol.     Tables.     8°. 

Taos  commission.    Second  hiennial  report.  1903. 

Madison.  Wis.,  1903.    j\  377  pp.    8°. 
"Taxation  of  railways,"  pp.  150-217. 


VALUATION    AND   CAPITALIZATION    OF   RAILROADS  19 

Wisconsin.     Tax  commission.     Third  biennial  repoii  of  tlie  Wis- 
consin tax  commission  to  the  governor  and  legislature. 
Madison,  Wis.,  1907.    xiii,  1^3  pp.    8°. 

"  Railroad  taxatiou,  including  valuation,"  p]).  82-125. 

Woodlock,  Thomas  Francis.    The  anatomy  of  a  railroad  report  and 
ton-mile  cost. 
New  York:  S.  A.  Nelson,   [1!)U1\.      {8),  11-121  pp.     12  . 
{Nelsoti's  Wall  street  library,  vol.  2.) 

Worthington,  Thomas  Kiniber.    Historical  sketch  of  the  finances  of 
Pennsylvania.      With    an    introduction    bv    Richard    T. 

Ely.  .  .  ' 

[Baltimore]  :  American  econom,ic  association,  1887.  106,  (2) 
pp.  Folded  diagrams.  8°.  (Publications  of  the  Aincri- 
can  economic  association.     [Monographs.]     vol.  2,  no.  2.) 

Wyoming.     State  board  of  equalization.     Annual  report. 
Cheyenne,  1895-1898.     4  vols.     8°. 


VALUATION  AND  CAPITALIZATION  OF   RAILROADS:   ARTICLES  IN    PERIODICALS 

1900.  Tendencies  in  the  taxation  of  transportation  companies  in 

the  United  States.    Roswell  C.  McCrea. 
American  academy  of  political  and  social  science.    Annals, 
vol  IS  {May,  1900) :  355-380. 

1901.  The  reorganization  of  railroads.     E.  S.  Meade. 

Arnerican  academy  of  political  and  social  science.    Annals, 
vol.  17  {Mar.,  1901) :  205-243. 

1901.     Michigan  raih-oad  appraisal.     Valnation  of  physical  prop- 
erties.    Mortimer  E.  Cooley. 

Michigan  political  science  association,  vol.  4  {June,  1901) : 

285-292. 

1901.  The  valuation  of  the  non-physical  element  in  railways.  Henry 

C.  Adams. 
Michiyan  political  science  association,  vol.  If.  {June,  1901) : 
293-296. 

1902.  American  statistical  practice :  the  Interstate  commerce  com- 

mission.    H.  T.  Newcomb. 
Yale  review,  vol.  11  {Aug.,  1902)  :  16Jf-197. 

1903.  Railway  taxation.     H.  J.  Pettypiece. 

Canadian  magazine,  vol.  20  {Feh.,  1903) :  353-361. 

1906.     ^lethods  of  railroad  valuation.     B.  H.  Meyer. 

Railway  critic,  vol.  5  {June,  1906)  :  268-269. 

1906.     Taxation  of  railroad  and  canal  property  in  New  Jersey.  Win- 
throp  M.  Daniels. 
Quarterly    jovriutl    of    economics,    vol.    20    {Aug.,    1906): 
617-622.  ' 

1906.  Capitalization  of  i-ailroad  corporations.     Wharton    Barton. 

North  American  re vieiv,  vol.  183  {Oct.  19, 1906) :  717-728. 

1907.  The  attack  on  railroad  capitalizations.     Frederic  J.   Whit- 

ing. 
Inter-rmtion,  vol.  1  {Feb.,  1907)  :   52-58. 
20 


VALUATION    AND    CAPTTALIZATION    OF    RAILROADS 


21 


1907.     Railway  overcapitalization.     A\'illiaiu   L.  Snyder. 
Outlook,  iwl.  85  {Feh.  ,9,  1007) :  312-310. 

1907.     Are  our  railroads  financially  stron"^?    Wolcott  Drew. 

Moodifs  iii(i<i<tzhu',  rol.  3  (Mar.,  1007)  :  44-'^-4-'i^^- 

1907.  Kailway  overcapitalization.  1.  A  defense  of  the  Cireat  Xorth- 
ern.  A.  B.  Stickney ;  2.  The  case  a<^ainst  the  (ireat  North- 
ern. William  L.  Snyder:  3.  Stock  waterin<r.  Irving 
Fisher, 

Outlooh,  rol.  85  {March  9,  1907) :  557-563. 

1907.     The  valuation  of  American  railroads. 

Railumy  world,  rol.  51  {May  17,  1907):  410-.\11. 

1907.     President  Koosevelt  on  railroad  investments. 

A'tncrican  monthly  rerieir  of  reviews,  rol.  35  {Juiic.  1007): 

725-728. 

1907.     Concerning  the  capitalization  of  railroads.    J.  M.  Mason. 

Freight,  rol.  7  {June,  1907):  2^6-249. 

1907.     Capitalization  does  not  control  rail  rates.     ^^'.  W.  Finley. 
Freight,  rol.  7  {June,  1907):  249-252. 

1907.     Railway  capitalization.     H.  T.  Newcomb. 

Raihcay  world,  vol.  51  {June  7.  1907) :  4^-^-4^(^- 

1907.     Railroad  valuation.     Ivy  L.  Lee. 

Bankers''  magazine,  New  York,  rol.  75  {July,  1907) :  81-94. 

1907.     The  cheat  of  overcapitalization.     ^\'ill  Payne. 

E re7'y body's  ni-agazine,  rol  17  {July,  1907)  :  17-23. 

1907.     Some  phases  of  the  American  railioad  i)rol)ieni.     Stuyvesant 

Fish. 

Government,  rol.  1   {J'dy,  1907) :  7-18. 
The  vnlujition  of  railroads,  pji.  IT-IS. 

1907.     Appraising  railroad  values.     J.  T).  Kvans. 

Moody\s  magazine,  rol.  4  (J'dy.  1907)  :  135-139. 

1907.     State  valuation  of  railroads:  some  of  the  problems.    Charles 
Hansel. 
North  American  review,  rol.  1S5  {July  5,  10i)7) :  485-494. 

1907.     Taxation  and  rate  regulation. 

Railway  age,  vol.  44  {J^'^i/  l-'-  ^'^'^^)  ■  '>'-'^8. 


22  LIBRARY    OF    CONGRESS 

1907.     Mr.  Hansel  on  valuation  of  railways. 

Railway  age,  vol.  U  {J^'h  19,  1907):  71-72. 

1907.     Railroad  and  industrial  capitalization.     Henry  Clews. 

Government,  vol.  1  {Aug.,  1907) :  1-5. 

1907.     The  growth  of  the  Union  Pacific  and  its  financial  operations. 
Thomas  Warner  Mitchell. 
Quarterly  journal  of  economics^  vol.  21  {Aug.,  1907) :  o69- 
612. 

1907.     Absorbing  the  water.     R.  L.  Ardrey. 

Railway  age,  vol.  U  {^ug.  9,  1907) :  176-177. 

1907.     Depreciation.     S.  M.  Hudson. 

Railway  age,  vol.  J^If.  {Aug.  9,  1907) :  175-176. 

1907.     Mr.  Hansel  on  valuation. 

Railway  age,  vol.  U  {Aug.  30,  1907) :  276-277. 

1907.     State  valuation  of  railroads.     Charles  Hansel. 
Railway  age,  vol.  U  (^^w^.  SO,  1907) :  281-282. 

1907.     Proposed  valuation  of  American  railroads. 

Railway  news,  vol.  88  {Aug.  31,  1907) :  1^17-1^18. 

"  Extracts  from  a  paper  in  the  New  York  '  Bankers'  Magazine.' 
by  Ivy  L.  Lee." 

1907.     Railroad  bonds  as  an  investment  security.    P'loyd  W.  Mundy. 
American  academy  of  political  and  social  science.    Annals, 
vol.  30  {Sept.,  1907) :  312-335. 

1907.     The  value  and  economic  effect  of  railroad   improvements. 
Morrell  W.  Gaines. 
Engineering  magazine,  vol.  33  {Sept.,  1907) :  849-^58. 

1907.     Railroad  over-capitalization:  a  symposimn.     With  editorial 
introduction  b}'  AY.  H.  Lough,  jr. 
Journal  of  accountancy,  vol.  4  {Sept.,  1907) :  327-349. 

Over-capitalization  injures  tlie  public,  by  Victor  Rosewater; 
The  real  evil  is  to  the  railroad  itself,  by  Carl  Snyder ; 
Over-capitalization  should  be  against  the  rules  of  the  finan- 
cial game,  by  W.  G.  Langworthy  Taylor;  A  revaluation 
would  show  simply  the  extent  of  under-cai>italization,  by 
Stuyvesant  Fish;  Over-capitalization  deceitful,  by  Irving 
Fisher ;  Rates  are  not  based  on  capitalization,  by  Frederick 
A.  Delano. 


VALUATION    AND   CAPITALIZATION    OF    EAILKOADS  23 

1907.     State  valuation  of  railroads.    Carl  Tombo. 
Railway  age,  vol.  4-^  {Sept.  13, 1006) :  31^8. 

1907.     Valuation  of  railway  and  oonmiercial  property  for  taxation. 

Railway  age,  vol.  U  (Sept.  20,  1007) :  393. 

X.  S.  Ketcliuui,  of  lowu  niilroad  coinniissiun.  suir^psis  a 
method. 

1907.     The   investments   of  the   Union    Pacific   in   other   lailways. 
Thomas  AVarner  Mitchell. 
Railway  world,  col.  51  {Sept.  13, 1007) :  775-770. 

1907.     Capitalization    of    railroads.      Symposium.      Frederick    A. 
Delano;  W.  G.  Langworthy  Taylor;  Victor  Rosewater. 

Railway  world,  vol.  51  {Sept.  27, 1907) :  808-809. 

1907.     The  penalties  of  prosperity.     George  Withers. 

Financial  review  of  reviews,  vol  4  {Oct.,  1907) :  16-22. 

On  tbe  railroad  question  iu  the  United  States.  'Any  set-back 
in  trade  will  brinj?  the  over-capitalised  railroads  into  direct 
conflict  with  the  over-capitalised  concerns  which  constitute 
the  railroads'  chief  customers." 

1907.      Taxation  of  railways.     H.  T.  Newcomb. 

Railroad  world,  vol  51  {OH.  25.  1007) :  897-808. 

1907.     The  Texas  stock  and  bond  law  and  its  administration.    E.  T. 
Miller. 
Quarterly  journal  of  economics,  col.  22  {Xov.,  1007) :  109- 
119. 


1907.      Cost,  capitalization  and  value  of  American  railways. 
Railway  age,  vol.  U  {^'ov.  22,  1007) :  710-711. 

1907.  Railroad  valuation.     William  Z.  Ripley. 

Political  science  quarterly,  rol.  22  {Dec,  1007) :  577-610. 

1908.  The  romance  of  the  railways.    John  Moody. 

Moody's magazitw,  vol.  5  {Jan.,  1008) :  80-104;  {Feh.,  1008)  : 
161-181:  {Mar.,  1008):  227-2 J,5:  {Apr.,  1008):  201-206: 
{May,  1008):  357-375:  rol.  0  {July,  1008):  7-18;  {Aug., 
1008):  73-00;  {Sept.,  1008):  145-156;  {Oct.,  1008):  220- 
245;  {Nov.,  1008) :  327-341;  {Dcr.,  1008) :  405-416. 

CoNTKNTS. — 1.  The  Ueadiii;;  system.  '1.  Tlie  Union  raciflc 
railroad  system.  :'..  The  reniisylvaiiia  system.  4.  The  riii- 
cajro,  .Milwaukee  and  St.  Paul  railway.  .">.  The  remarkable 
career  of  the  Erie.     0.  The  Northern  Pacific  system.     7.  The 


24 


LIBRAEY    OF    CONGRESS 


New  York  Central  railroad  system.  8.  The  Atcliison,  To- 
peka  and  Santa  Fe  system.  I).  The  Baltimore  and  Ohio  rail- 
road system.  10.  The  Great  Northern  system.  11.  The 
Southern  railway  system. 

1908.     Cost,  capitalization  and  estimated  value  of  American-  rail- 
ways. 
Railway  news^  vol.  89  {Jan.  4,  1908) :  15. 

"  Mr.  Slason  Thompson  has  pnblished  an  interesting  pamphlet 
on  this  subject,  in  which  he  deals  with  the  charges  of  over- 
capitalisation which  have  been  so  freely  made  against  the 
American  railways  by  the  public  in  the  United  States." 

1908.     "  Water  "  in  railway  capital.     Slason  Thompson. 

Raihvay  world,  vol.  52  {Feb.,  1908) :  128-132. 

"  Extracts  from  '  Cost,  capitalization  and  estimated  value  of 
American  railways. 

1908.     Physical  valuation  of  railways. 

Naiion,  vol.  86  {March  -5,  1908)  :  209-210. 

1908.     Railway  valuation:  is  it  a  panacea?     Jackson  E.  Reynolds. 
Columbia  law  review,  vol.  8  {Apr..  1908) :  265-280. 

1908.     Administrative  supervision  of  railways  under  the  twentieth 
section  of  the  act  to  regulate  commerce.    Henry  C.  Adams. 
Quarterly  jouimal  of  economics,  vol.  22  {May,  1908) :  364- 
383. 

The  article  is  devoted  more  particularly  to  supervision  of  rail- 
way accounts. 

1908.     Railroad   capitalization   and   federal   regulation.      Franklin 
K.  Lane. 

American  review  of  reviews,  vol.  37  {June,  1908) :  711-714- 

1908.     One  view  of  railway  capitalization.     [Editorial.] 

Railroad  cuje  gazette,  vol.  45  {June  26,  1908)  :  365-366. 

1908.     Government  regulation  of  railroad  securities.    [Editorial.] 
Railroad  age  gazette,  vol.  45  {Jnly  10,  1908) :  461-462. 

1908.     Over-capitalization.     Henry  Fink. 

Railroad   age   gazette,    vol.   45    {July   10,   1908) :  487-490. 

1908.     Valuation  of  railroad  property.     Henry  Fink. 

Railroad  age  gazette,  vol.  45  {July  24,  31,  1908) :  587-588, 
627-S32. 

1908.     Physical  valuation  of  public  utilities.    John  R.  Commons. 
Independent,  vol.  65  {Sept.  10, 1908) :  582-585. 


VALUATION    AND    CAPrTALIZA'J'ION    OF    HAILHOADS 


)iD 


1908.     The  needs  of  the  raih-oatls.     Logan  (i.  McJ'hei-.son. 

Political  science  quarterhj.  rol.  23  [Sept.,  lOOH) :  ^()-J/}3. 

Has  to  do  with  capitalization  as  affected  by  railroad  develop- 
ment. 

1908.     "Over-capitalization,"    "Over-equipment,"    and    the    panic 
[Editorial.] 
Railroad  age  gazette,  vol.  4-5  {Sej)t.  11,  1908) :  SOSSO.'t. 

1908.     Railroad  taxation.     W.  W.  Baldwin. 

Railway  world,  rol.  52  {Sept.  J,,  1908) :  757-760. 

"  Tlie    valuation    method   of  taxing   i-ailroads.     The   rates   of 

capitalization  ". 
"  Extracts   from    remarks  before   the    Minnesota    Jioadeniy   of 

social  science  ". 

1908.     Millions  in  railway  improvements.    George  Calvert. 

American  indn-stries,  rol.  8  {Oct.  1,  1908) :  13-15. 

1908.     Physical  valuation  of  public  utilities.    John  W.  Commons. 
Freight,  vol.  9  {Oct.,  1908):  267-208. 

1908.     Physical  valuation  of  railroads.      [P^ditorial.J 

R'ailroad  age  gazette,  rol.  h5  {Oct.  2,  1908) :  1029-1030. 

1908.     Railroad  revaluation:  with  an  example.     [Editorial.] 

Railroad  age  gazette,  vol.  45  {Oct.  .9,  1908) :  1081-1082. 

1908.     Scientific  valuation  in  AVisconsin.    Dwi<j:ht  C.  Mor^ran.     [Let- 
ter to  the  editor.] 
Railroad  age  gazette,  vol.  Jf5  {Oct.  30,  1908) :  12^2. 

1908.  Over-capitalization  in  railway  construction,     [Editorial.] 

Railway  world,  rol.  52  {Oct.  23.  1908):  89Jt-895. 

1909.  Railway  capital  and  values.    W.  II.  AVilliams. 

Freight,  vol.  10  {Feb.,  1909) :  38-41. 

1909.     Minnesota  valuation  of  railways. 

Railroad  age  gazette,  rol.  46  \Fch.  5,  1909) :  245-247. 

1909.     Valuation  of  railways  in  Minnesota. 

Railroad  age  gazette,  rol.  40  {Feh.  ,7,  1909)  :  269-272. 

1909.     Valuing-  the  railways. 

American  revieiv  of  reviews,  vol.  39  {.Mar..  1909)  :  379-.J80. 

1909.     Valuation  of  railways.     J.  Laurence  Laiighlin. 

Scribncrs  magazine,  vol.  45   {April.  l!)ir))  :   ',34-441. 

1909.     Valuation  of  railways,  with  especial  reference  to  ihc  physical 
valuation  in  Minnesota.     Sanuiel  ().  Dunn. 
J oiiriud  of  political  econonnj.  rnl.  17  {Apr..  1909):  189-2n.',. 


AUTHOR   INDEX 


Page 

Acwortli.  William  Mitchell 5 

Adams,  Heury  C 15,16,20,24 

Ardrey.  R.  L 22 

Bailey,   William  Francis 5 

Baldwin.   W.  W 25 

Barton,  Wharton 20 

Beard,  E.  J 13 

Bemis.  Edward  W 5 

Bowers.  Lloyd  Wheaton 5 

Calvert,  George 25 

Clews,  Henry 22 

Commons,  .Tohn  R 24,25 

Cooley.  Mortimer  E 15.20 

Crandon,  Frank  I' 5 

Daggett,  Stuart 0 

Daniels.  Winthrop  M 20 

Davison,  A.  H 7 

Delano,  Frederick  A 22,  23 

Drew,  Wolcott 21 

Dunn,  Samuel  O 20 

Eaton,  J.  Shirley 15 

Ely,  Richard  T 19 

Evaus,  J.  D 21 

Evans.   Nelson    Wiley 6 

Fink,  Henry 24 

Finley,  W.  W 21 

Fish,  Stuyvesant 21,22 

Fisher.    Irviiii: 21,22 

Frietlman,  Harry  G 6 

Gaines.  Morrell  W 22 

Giffen.  K/r  Robert 6 

Greene.  Thomas  Tj 6 

Grosvenor.  William  M 6 

Hadley,  Arthur  Twining 6 

Hains,   Henry  S 7 

Hansel,  Charles 21,22 

Horrocks,  Joseph 7 

Hudson.  S.  M 22 

•Johnson,  Emory  Richard  7 

Ketchum.  N.  S 2:^ 

Kirkman.  Marshall  Monroe 8 


Pac 
La  Follette.  Robert  Marion__-  S 

I>ane,   Franklin    K 24 

Larrabec.   William S 

Laughlin.   .1.    I,;mrence 25 

Lee.    Ivy    Lediictlcr 8.21.22 

Lewis,  George  II 8 

Lough,  W.  H.  ;;• 22 

Low,    E 13 

I-ownhanpl.    Frederick H 

McCrea.  Roswell  Cheney '.1.20 

McPherson,  Logan  G 25 

Mason.  J.   M 21 

Meade.  Edward  Sherwood '.».  20 

Meyer,  B.  H 1.5.20 

Meyers,  William  J 1.' 

.Miller.  E.  T 23 

Mitchell.  Thomas  Warner 22.23 

Moody.   John 23 

Morgan,  Dwight  C 25 

Mundy.  Floyd  Woixlruff Id.  22 

Nau,  Carl   II     .      

Newcomb,  Henry  Turner 11. 

IG.  2(1.  Ji.  1':; 

Taj-ue,  Will 21 

Peck,  (ieorge  Record 12 

Rettypiece,  H.  J 20 

rhillips,  T'lrich  Bonnell 12 

Plehn.  Carl  C 12 

Rawles.   William  A i:'. 

Raymond,  William  Gait i:'. 

Reizenstein.   Milton i:> 

Reynolds.  Jarkson  E 24 

Ripley.   William  Z 2;i 

Rosewater.    Victor 22.23 

Serrell.   Lemuel    William^  13 

Snider.  Guy  Edward 13 

Snyder.    Carl 1.3,22 

Snyder.   William    1,  21 

Stickney.  A.  B 21 

Strain.    Charles   P  14 

Swain.   H.   II_-  14 

27 


28 


INDEX 


Page 
Swau,  A.  U 7 

Taylor,  W.  G.  Langworthy 22,23 

Taylor,  William  D 13,14,15 

Thompson.  R.  A 14, 15 

Tliompsou,  Slason 15,  24 

Tombo,    Carl 23 

United  States : 

Bureau  of  the  census 15 

Circuit  court 15 

Congress 15,  IG 

Industrial    commission 16 

Interstate    commerce     com- 
mission    16-17 


Page 

Van   Oss,   S.   F 17 

Volstead,   A.   J 15 

Watson.  W.  P 13 

Webb,  Walter  Loriug 18 

Wellington,  Arthur  Mellen 18 

White,  Henry  Kirke 18 

Whiting,  Frederic  J 20 

Williams,  W.  H 25 

Withers,  George 23 

Woodlock,  Thomas  Francis 19 

Worthington,  Thomas  Kimber__  19 


o 


112H28 


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